S. Korean testing kit maker Solgent gears up for IPO
(Yonhap) via The Korea Herald SEOUL — South Korean genetic technology firm Solgent has picked local brokerage Mirae Asset Daewoo as an underwriter for its initial public offering, buoyed by…
S. Korean economy shrinks 1.4% in Q1 amid virus fallout, sharpest contraction since 2008
SEOUL — South Korea’s economy shrank 1.4 percent on-quarter in the first quarter of this year, as the coronavirus pandemic crippled industrial output, consumer spending and job markets, the Bank…
Andrew Tan group’s COVID-19 donation hits P603M
The group of property tycoon Andrew Tan’s COVID-19 relief fund mobilization has breached the P600-million milestone since the whole of Luzon was locked down to curb the pandemic in mid-March.…
BPI’s Q1 net profit down 5% on higher loan loss buffer
BPI prexy Cezar Consing Higher provisioning for probable credit losses amid the COVID-19 pandemic trimmed Bank of the Philippine Islands (BPI)’s first quarter net profit by 5 percent year-on-year to…
Asian shares rise moderately as oil prices recover
TOKYO — Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. Currency traders watch monitors at the…
SEC orders closure of 4 illegal online lending apps
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has directed four online lending platforms to stop offering loans to the public, citing lack of license, failure…
Stocks climb worldwide as oil prices crawl off the floor
NEW YORK — Stock rose on Wednesday, and the S&P 500 recovered a chunk of this week’s sharp losses as a bit of oxygen pumped through markets around the world.…
Supply chain woes may offset PH gains from low oil prices
Low global oil prices stand to benefit the Philippines in the long run but its near-term impact on domestic consumer prices may be offset by supply chain disruptions caused by…
Chua: Tax reforms must proceed to fund health crisis response
MANILA, Philippines — Acting Socioeconomic Planning Secretary Karl Chua on Wednesday said the government must pursue its tax reform program or it might be forced to borrow more money to…
Resumption of POGO operations opposed
MANILA, Philippines — Government must first resolve the issues hounding the Philippine offshore gaming operators (POGO) industry before allowing it to resume operations in the midst of the coronavirus pandemic,…